Romania: Mandate extension of Romgaz’ interim CEO

, SEE Energy News

Board of Directors of Romanian natural gas producer Romgaz decided to extend the mandate of its interim CEO Aristotel Marius Jude by four months starting from 13 April. Jude was appointed as interim CEO of Romgaz on 12 February. The Board also appointed Razvan Popescu as the company’s CFO for a four-month period.

In January, The Board dismissed the company’s CEO Adrian Volintiru. Deputy CEO Daniel Corneliu Pena temporarily took over the CEO’s duties until the board names another general manager. The company did not provide reasons for Volintiru’s dismissal. Volintiru was appointed as CEO of Romgaz in June 2018. Initially he had a mandate of four months which changed into a four-year mandate in October 2018. The Romanian state holds a 70 % stake in the company, while the remaining 30 % of the shares are held by investors on the Bucharest Stock Exchange and London Stock Exchange.